Deals
M&A Advice for the Brave
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Consumer confidence is shattered. Credit has tightened. And companies are about to be hit with hundreds of billions of dollars of debt maturities scheduled to come by the end of 2009.
So it’s no wonder that most CEOs are feeling a little a gun shy about doing big deals. In 2008, companies announced only $2.9 trillion worth of mergers and acquisitions, a fraction of the $4.2 trillion announced the previous year, according to ThomsonReuters. And most bankers do not expect mergers to come roaring back any time soon.